Illustration, not a recommendation. The strikes and premiums on this page are fixed teaching figures, not live quotes, and no strategy suits every account or every market. Read the full disclaimer.
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Aapko kya maanna padega

NIFTY expiry tak ek aisi range ke andar rahe jise aap kheench sako, aur aapke paas woh capital aur discipline ho jo dono taraf bina hadd ka risk kiraye ke badle uthane ke liye chahiye.

Position kaise banti hai

Short strangle: 24,800 PE ₹90 aur 25,200 CE ₹55 par becho, ₹145 per unit lekar: ₹9,425 per lot. Short straddle: uski jagah dono 25,000 wale ₹230 mein becho (₹14,950), kiraya dugna, saans lene ki jagah bilkul nahi.

Short strangle: sell 24,800 PE ₹90 + 25,200 CE ₹55 (collect ₹145)+₹6,851−₹10,075−₹27,001₹0 · break even line24,20024,60025,00025,40025,800NIFTY at expiryBE 24,655BE 25,345worst case −₹29,575−₹29,575

Entry se pehle ke numbers

  • Max profit: pura credit, expiry par strikes ke beech kahin bhi
  • Max nuksan: dono taraf bina hadd ke; 600 point ka gap ₹9,425 ke badle ₹29,575 le jaata hai
  • Breakevens: 24,655 aur 25,345 (strangle); 24,770 aur 25,230 (straddle)
  • Margin: jodi ke liye lagbhag ₹1.5 se ₹2 lakh, aur trade khilaaf jaate hi woh badhta hai (Lesson 12)

Greeks ka profile

Entry par delta-neutral, short gamma (yahi risk hai), long theta (yahi income hai), short vega. Har shaant ghanta kamata hai; har tez ghanta dhamkata hai.

Sach mein kya expect karein

Baar baar jeetta hai, virle par bahut bada haarta hai: theek wahi profile jise insaani dimaag sambhal hi nahi paata. Ise sirf asli capital ke saath chalao, ooncha IV rank hone par, dikhti hui walls ke andar, aur aise exits ke saath jo apne aap chal jaayein. Udd jaane ki saari kahaniyon mein inmein se ek shart chhooti hui thi.

Position sambhalne ke rules

  • Credit ke dugne nuksan par nikal jao, bina mol bhaav ke
  • Expiry wale din se pehle hamesha bahar: 1-DTE ka gamma step trading ka maahaul hai hi nahi
  • Scheduled binary events ke aar paar kabhi nahi; wahi ek hafta hai jab gap sabse zyada mumkin hai

Doosri strategies ke saath

  • Wings kharid lo to yeh iron condor ya iron butterfly ban jaata hai: zyadatar sellers cap wale version par pahunch kar phir kabhi peeche nahi mudte (Lesson 24)
  • Ek taraf sasta door ka backspread us tail ko cap kar deta hai jisse aap sabse zyada darte ho, aur kiraye ka bada hissa bacha rehta hai: khud banaya hua aadha condor
  • Calendar iska daur wala poorak hai: ooncha IV rank ho to short premium, neecha ho to calendars, taaki koi na koi dhaancha hamesha season mein rahe (Lesson 25)
  • Dealer flow padhna (Lesson 26 aur 27) strike chunne ko behtar kar deta hai: positive-gamma ilaake ke andar bechna market ke apne shock absorber udhaar lena hai

Aam galtiyan

  • Ghar kharch wale paise se bechna; bina hadd ka risk koi muhavra nahi hai
  • Tooti hui taraf par "ab to premium aur achha hai" keh kar aur bech dena
  • Mahinon jama karna aur ek bina stop wale Mangalwar ko sab lauta dena
Education only. Not investment advice. Options Gyan is not SEBI registered and recommends nothing: no tips, no calls, no telegram group, free forever. F&O trading involves a substantial risk of loss, and selling options can lose you more than you put in. Read SEBI’s risk disclosure before trading.
Prices, lot sizes and expiry days in the lessons are illustrative teaching figures, not live quotes: confirm the current ones with your broker. Not affiliated with NSE, BSE, SEBI or any broker. NIFTY is a trademark of NSE Indices Ltd.